Looking to diversify beyond BKTSX? The mutual funds below have historically moved differently from BKTSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BKTSX
2 mutual funds have low correlation with BKTSX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.08 | 0.14 | 91 | Inflation-Protected Bonds | BKTSX vs VTSPX | |
| iShares Short-Term TIPS Bond Index Fund Class K | 0.08 | 0.09 | 0.12 | 59 | Inflation-Protected Bonds | BKTSX vs BKIPX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.17 | 0.14 | 97 | Large Cap Blend Equities | BKTSX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.62 | 0.80 | 53 | Large Cap Blend Equities | BKTSX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.46 | 0.62 | 0.80 | 50 | Large Cap Blend Equities | BKTSX vs QKACX |
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